91��Ƶ

Consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the impact from tariffs.

President Donald Trump’s steel and aluminum tariffs played out across the country as ripples materialized with broad-reaching impacts on automakers, builders and consumers.

Tesla is signaling concern over potential retaliatory moves by other countries as a trade war escalates in the wake of President Donald Trump’s moves to impose tariffs on a range of imports.

Specific to trade, the agenda directs the U.S. Trade Representative to “chart a new course for any trade agreements to ensure they help raise wages and grow our industrial base.”

President Donald Trump on March 13 threatened a 200% tariff on European wine, champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

Political leaders representing states that border Canada and Mexico are sounding the alarm about how cross-border tariffs between those countries and the United States will impact their local economies, and their states’ residents.  

Mexico is delaying its response to U.S. tariffs on steel and aluminum imports as President Claudia Sheinbaum avoids retaliation while both countries negotiate to avert levies.

Canada announced new 25% counter-tariffs on $20.8 billion of U.S.-made items after the Trump administration went ahead with global levies on imports of steel and aluminum.

U.S. inflation slowed last month for the first time since September even as additional tariffs on steel and aluminum that kicked in March 12 threaten to send prices higher.

The European Union announced retaliatory trade action with new duties on U.S. industrial and farm products, responding to the Trump administration’s increase in tariffs on steel and aluminum.